European Data Center to Test Crypto Mining

A report from Emerce last May 31st indicates that Holland-based ITB2 Data Center has set up a cryptocurrency mining lab for Bitcoin (BTC) and Ethereum (ETH).

The lab aims to test the impact of blockchain technology regards energy consumption and infrastructure cooling.

The crypto mining lab will be housed in ITB2 Data Center’s Apeldoorn site, which opened in 2013 and has a power usage effectiveness (PUE) value of 1.08 according to reports. PUE is a ratio that measures the efficiency of a computer data center’s use of energy.

The director and owner of the ITB2 Data Center Niels Hensen said they decided to test crypto because it is the most well known and most common application of blockchain tech at the moment, and the profit earned from crypto mining will help offset the costs of running the lab.

He also added:

“In order to remain innovative in the area of ​​data center technology, however, you must always keep looking at new technological developments. For our current and future customers, we would, therefore, like to know what the use of blockchain technology means for the data center infrastructure.”

The effects of crypto mining are hotly contested, with some seeing it as harmful and wasteful while others contend it is a non-issue.

Last May, an article from economist Alex de Vries reported that bitcoin mining alone is set to use about 0.5 percent of the world’s energy by the end of 2018. He noted that second layer solutions such as the Lightning Network can help minimize the problem. In Iceland, meanwhile, energy consumption from crypto mining will overtake the amount of energy used by households this year.

Todd is a computer tech enthusiast from the Philippines with a penchant for gaming. He joins Ibinex News after a stint freelancing for a print magazine. Todd is an Undergraduate of Education and later took up Information Technology courses. He started his professional career providing technical support for several computer and technology related firms. He later started free-lance writing for an online blog and contributed articles to a short-lived print magazine. Todd does not own any cryptocurrencies at the moment, as he is looking at which one would be the best choice to own, and he believes in the future potential of Blockchain as an industry game-changer.

You can also mail her/him at [email protected] to discuss anything related to her/his reports.

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